The rocket propulsion market was valued at USD 3.35 billion in 2017 and is projected to reach USD 6.36 billion by 2023, at a CAGR of 8.50% during the forecast period.
The objective of this study is to analyze, define, describe, and forecast the rocket propulsion market based on type, propulsion type, orbit, component, launch vehicle type, end user, and region. The report also focuses on providing a detailed competitive landscape of the rocket propulsion market. It profiles key market players, highlighting their financial positions, product portfolios, and growth strategies, and analyzes their core competencies and market shares to anticipate the degree of competition prevailing in the market. This report also tracks and analyzes competitive developments, such as partnerships, acquisitions, new product developments, and supply contracts in the rocket propulsion market. The base year considered for this study is 2017 and the forecast period is from 2018 to 2023.
Secondary Research
Market shares for companies in the rocket propulsion market have been determined on the basis of secondary data made available through paid and unpaid sources and analysis of product portfolios of major companies, and rating them on the basis of performance and quality of products. These data points have been further validated by primary sources.
The secondary sources referred for this research study included corporate filings, such as annual reports, investor presentations, financial statements, and trade, business, and professional associations, among others. The secondary data has been collected and analyzed to arrive at the overall market size, which has been further validated by primary respondents.
Primary Research
Extensive primary research has been conducted after acquiring knowledge about the rocket propulsion market scenario through secondary research. Several primary interviews have been conducted with market experts from both, demand- and supply-sides across major countries in North America, Europe, Middle East, and Asia Pacific. The primary data has been collected through questionnaires, mails, and telephonic interviews.
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